AGARWAL KAPIL & CO.Service
Startup Advisory
It is essential for startups in India to obtain holistic advice on corporate law, accounting, tax, and legal matters from the outset. Coordinated guidance helps founders structure their entity correctly, meet ongoing compliances, and plan for growth without unnecessary friction.
Our team supports entrepreneurs through the regulatory journey and assists them in availing applicable government benefits and schemes under the Startup India initiative.
1. Simplification and Handholding of Statutory compliances
- No inspection for Labour laws for 3 years.
- Self-certification for environment laws under the 'white category'.
- Startup Intellectual Property Protection (SIPP) for fast-track patent examination and fee rebates.
- Equal platform for startups to procure government contracts.
- Fast Track dissolution process under IBC, 2016.
2. Business Funding Support and Incentives
- Equity support from the Fund of funds operated by SIDBI.
- Venture debt and credit guarantees through NCGTC/SIDBI.
- Income tax exemption for a block of 3 years out of 10 (requires IMB certificate).
- Capital Gain exemption for investors.
- Acceptance of consideration for share issues exceeding Fair Market Value.
3. Obtaining Recognition
- Application to the Department for Promotion of Industry and Internal Trade (DPIIT) for startup recognition.
- Self-certified declaration regarding compliance for registration.